Cloverfields Capital Group LP Has $6.89 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Cloverfields Capital Group LP grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,790 shares of the business services provider’s stock after buying an additional 3,539 shares during the quarter. Automatic Data Processing makes up 2.1% of Cloverfields Capital Group LP’s portfolio, making the stock its 12th largest position. Cloverfields Capital Group LP’s holdings in Automatic Data Processing were worth $6,891,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ADP. Northwestern Mutual Wealth Management Co. boosted its holdings in Automatic Data Processing by 6,493.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock valued at $892,120,000 after acquiring an additional 3,415,576 shares during the last quarter. Cardano Risk Management B.V. boosted its holdings in Automatic Data Processing by 950.1% in the fourth quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock valued at $916,557,000 after acquiring an additional 3,223,855 shares during the last quarter. Norges Bank bought a new position in Automatic Data Processing in the fourth quarter valued at about $721,738,000. Wellington Management Group LLP boosted its holdings in Automatic Data Processing by 47.8% in the third quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock valued at $2,004,691,000 after acquiring an additional 2,208,927 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Automatic Data Processing by 133.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,687,793 shares of the business services provider’s stock valued at $434,151,000 after acquiring an additional 964,405 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ADP shares. Citigroup reduced their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus reduced their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Mizuho reduced their target price on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. UBS Group lifted their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group cut their price objective on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Trading Up 0.2%

NASDAQ:ADP opened at $226.21 on Friday. The business’s 50-day simple moving average is $212.58 and its 200-day simple moving average is $229.36. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The stock has a market capitalization of $90.42 billion, a PE ratio of 21.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm earned $3.06 EPS. Automatic Data Processing’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.